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cliff. that's something that's kicked down the road as they try to deal with the tax numbers. >> sounds like fun. thanks so much, peter and mike. and straight ahead this afternoon, the real cost of continued silence about the fiscal cliff from our leaders in washington. their failure to lead speaks volumes. but what does it really mean for your bottom line? straight talk from "fortune" magazine. that's next. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. with a new project in mind, some how-to knowledge to give
cliff. that's something that's kicked down the road as they try to deal with the tax numbers. >> sounds like fun. thanks so much, peter and mike. and straight ahead this afternoon, the real cost of continued silence about the fiscal cliff from our leaders in washington. their failure to lead speaks volumes. but what does it really mean for your bottom line? straight talk from "fortune" magazine. that's next. [ male announcer ] it's that time of year again. time for citi price...
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Dec 8, 2012
12/12
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cliff. >> we can't sit here and try to figure out what works for them. >> we look forward to the time when they are specific. >> they need to be more specific. >> they have to be willing to come to the table with specifics. >> we've not had any discussion and specifics with this president about the real problem. >> we need a response from the white house. we can't sit here and negotiate with ourselves. >> i will not play that game. >> further apart than ever. you've heard endless arguing about higher taxes on the rich. let's set that aside and talk about the sequester the budget wonk word for a thing that will touch every american. $1.2 trillion in automatic budget cuts over the next decade, 100 billion next year alone, half in defense and half in non-defense, defense programs cut by 9.4% across the board and non-defense programs 8.2%. agencies are being told to identify the cuts. how will you feel them? fewer food inspections are likely. cdc budget cuts could make it harder to track food bo
cliff. >> we can't sit here and try to figure out what works for them. >> we look forward to the time when they are specific. >> they need to be more specific. >> they have to be willing to come to the table with specifics. >> we've not had any discussion and specifics with this president about the real problem. >> we need a response from the white house. we can't sit here and negotiate with ourselves. >> i will not play that game. >> further...
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Dec 12, 2012
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. >> this is something very, very quickly on the talks. the fiscal cliff. how many "meet the press"s do we have left? >> we may have a lot. my indications from the hill and the white house, you are probably hearing this. they really are dug in on they have to give on rates first. >> they don't want to negotiate? >> they don't want to negotiate on medicare to find out they won't negotiate on the taxes. they can do a middle class tax deal and delay the sequester. they could avoid the deadline. >> good news for every sunday. >> i do think people have a high level of frustration with this. >> cynicism. you see it. the public gets it and they are not happy about it. >> thanks. >> congratulations and ebook. i will download it now, i promise. from nbc publishing is available on your ipad and ipad minis. >> i love it. it saved my life. >> you could watch "meet the press" on your local station. quickly before we go to break, opening bell just rang on wall street. the market starting in positive territory. everyone anticipating the announcement of qe 4. the fed chair
. >> this is something very, very quickly on the talks. the fiscal cliff. how many "meet the press"s do we have left? >> we may have a lot. my indications from the hill and the white house, you are probably hearing this. they really are dug in on they have to give on rates first. >> they don't want to negotiate? >> they don't want to negotiate on medicare to find out they won't negotiate on the taxes. they can do a middle class tax deal and delay the sequester....
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Dec 7, 2012
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>> no one wants to go over the fiscal cliff. worse would be for the president to sign a bad bill. >> all right. alan krueger, chairman of the president's counscil on economi advisers. mr. krueger, nice to see you that month. i'll see you next month, i promise. >> thank you, chuck. >>> trivia time, jim demint's decision to step down 0 means south carolina will have two seats on the ballot in 2014. who was elected the last time both of south carolina's senate seats were on the ballot in the same election? strom thurmond, of course, and the longest serving junior senator perhaps in the history of america, fritz hollings. senator thurmond won re-election and hollings, the form earp governor at the time, won a special to fill a seat left empty when johnston died. we'll be right back. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's no
>> no one wants to go over the fiscal cliff. worse would be for the president to sign a bad bill. >> all right. alan krueger, chairman of the president's counscil on economi advisers. mr. krueger, nice to see you that month. i'll see you next month, i promise. >> thank you, chuck. >>> trivia time, jim demint's decision to step down 0 means south carolina will have two seats on the ballot in 2014. who was elected the last time both of south carolina's senate seats were...
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cliff or the president's ultimatum. silence indicate a deal in the works or something too ugly for them to contemplate?@ we'll have the latest for you from the white house. white house correspondent ed henry here in just moments, but, first, the money line in hoping washington might get a deal done driving a modestly bullish mood on wall street at the end of the session. investors cheering news in a decline in jobless claims, and household wealth in the country grew by $1.7 trillion, to the highest level in five years, talk about a positive indicator for consumer purchasing. the dow jones industrial up 40 points, the s&p up five, and nasdaq rose 15.5 points. volume? a billion shares lighter than yesterday, but above the average of 3.1 billion trading on the board today. apple rebounded from yesterday's worst date performance in four years, a gain of $8.45 today with the ceo saying apple will move imac computer production to the country in the new year. garmin stock higher to replace rr donly in the s&p 500, the stock mo
cliff or the president's ultimatum. silence indicate a deal in the works or something too ugly for them to contemplate?@ we'll have the latest for you from the white house. white house correspondent ed henry here in just moments, but, first, the money line in hoping washington might get a deal done driving a modestly bullish mood on wall street at the end of the session. investors cheering news in a decline in jobless claims, and household wealth in the country grew by $1.7 trillion, to the...
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Dec 18, 2012
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along, house minority leader nancy pelosi is going to talk with andrea mitchell about the fiscal cliff and her call for the ban on magazine clips. that's coming up here at 1:00 on msnbc. [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> it's the president's job to promote a plan that fixes -- that satisfies the needs of the country. he is the commander in chief. he's the consoler in chief. but he's the commander in chief. and whether the legislation that he proposes gets passed or not, that's not -- that shouldn't be his first consideration. >> one day after new york mayor michael bloomberg stood in a room flanked by victims of gun violence and their families. he spoke on "morning joe" calling for the president to move towards change. saying change needs to happen at
along, house minority leader nancy pelosi is going to talk with andrea mitchell about the fiscal cliff and her call for the ban on magazine clips. that's coming up here at 1:00 on msnbc. [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before...
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Dec 27, 2012
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we started talking about the issue of fiscal cliff and how we're going to fill our coffers. one of the fastest way to make sure you earn revenue is by passing comprehensive immigration. everyday workers are actually competitive. come on. >> more taxpayers. that's expanding the tax base, come on. >> it's a good thing. >> but i think we can't underscore enough the importance for the republican party, i mean, they have done miserably with latino voters. so they clearly have to be on board for this to work. i want to play something that the president said during the campaign about the republicans and immigration. let's take a listen. >> if they have seen that people who care about this issue have turned out in strong numbers, that they will rethink it if not because it's the right thing to do, at least because it's in their political interest to do so. >> people turned nout strong numbers. there is a political interest when you talk about taxes. is that going to mean the republicans are going to do the right thing or are going to do what's in their best political interest to do?
we started talking about the issue of fiscal cliff and how we're going to fill our coffers. one of the fastest way to make sure you earn revenue is by passing comprehensive immigration. everyday workers are actually competitive. come on. >> more taxpayers. that's expanding the tax base, come on. >> it's a good thing. >> but i think we can't underscore enough the importance for the republican party, i mean, they have done miserably with latino voters. so they clearly have to be...
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Dec 13, 2012
12/12
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all right, the fiscal cliff and something only congress can do that we have lou dobbs easy with us now. it is actually a good comedy. the nero reference is wrong. all the drama here. is it a shakespearean play? lou: i mean, hands flailing -- many of the sentences that attached to the one that preceded. it is great political theater if you like farce. that is what we are witnessing here. the house speaker today saying that at least at the end of the day, we have some serious problems and that he and the president are separated by the seris problems. as if this were a newsflash for the international news media. we have some problems, and they are going to start on the first of january. it is pretty clear that the president wants to go over the fiscal cliff. speaker boehner, i think, is right to say that your ultimatum. you eat it, it's your deal. we will let it all play out. tracy: deep into the root of all this is political discorin general. but all everyone thinks about is the next vote. speaker boehner thinking about his reelection. no one is thinking about the bigger cause. it is rea
all right, the fiscal cliff and something only congress can do that we have lou dobbs easy with us now. it is actually a good comedy. the nero reference is wrong. all the drama here. is it a shakespearean play? lou: i mean, hands flailing -- many of the sentences that attached to the one that preceded. it is great political theater if you like farce. that is what we are witnessing here. the house speaker today saying that at least at the end of the day, we have some serious problems and that he...
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. >> dana: i have something also about the fiscal cliff. something you haven't heard about is rural america is under threat from a major raise in taxes. death and state taxes. throw up the map. senator from wyoming put this out. 526,421 family farms threatened by the new death tax. mostly because assets are tied up in land. you're land rich and cash poor. this hurts a lot of people. >> greg: this plays in the old phrase buying the farm. >> dana: it plays in something i want to tease for friday, which is i am -- i got to buy the farm. get it. think we haven't heard that. >> bob: promote something? >> dana: on friday, tomorrow i'm going to vegas and i'm going to the national rodeo -- the national finals rodeo sponsored by wrangler. i went last year and i got to interview the rodeo queen. the new rodeo queen this year and talk to a few other people and chance to go to the rodeo and see my family. >> eric: that's nice. >> dana: that's it? "that's nice." >> kimberly: it sundays fun. you know how to ride a horse. >> bob: ride a bull. >> dana: we
. >> dana: i have something also about the fiscal cliff. something you haven't heard about is rural america is under threat from a major raise in taxes. death and state taxes. throw up the map. senator from wyoming put this out. 526,421 family farms threatened by the new death tax. mostly because assets are tied up in land. you're land rich and cash poor. this hurts a lot of people. >> greg: this plays in the old phrase buying the farm. >> dana: it plays in something i want to...
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. >> in the recent talks to avoid the so-called fiscal cliff john boehner insists the president has been singing a different tune. >> it is clear the president is not serious cutting spending. but spend something the problem. >> you hear the talking heads every day the back and forth every day. but have you tried recently to get your head around how much the federal government doles out every day? >> when it comes to government spending what's the very basic math of the problem we have gotten ourselves into? each day dug the month of november the government brought in a little more than $5 billion of revenue. that's a lot of money. we spend more than 11 billion a day. the difference as you can clearly sees roughly $6 billion. how can we keep spending more than we take in? economists we talk to said it's simple, we can't. the government am spends more than $11 billion a day. where does the majority of that money go? here are the top four out lays at the top of the list department of health and human services which goes through 3 billion of tax dollars a day. social security is a close sec
. >> in the recent talks to avoid the so-called fiscal cliff john boehner insists the president has been singing a different tune. >> it is clear the president is not serious cutting spending. but spend something the problem. >> you hear the talking heads every day the back and forth every day. but have you tried recently to get your head around how much the federal government doles out every day? >> when it comes to government spending what's the very basic math of the...
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Dec 6, 2012
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cliff. what the president does not want to talk about. plus senator jim demint is here to tell you why he is leighing the senate. this is "special report." this is "special report." ♪ ♪ good evening >> good evening. i'm bret baier. much of the public debate focuses on taxes. democrat want to raise them on high earners. republicans don't. but there is another part of the equation that gets less attention. that is spending cuts. chief white house correspondent ed henry looks in to that tonight. >> reporter: pulling on the heart strings as if he were back on the campaign trail, president obama visited middle class family in virginia. >> a couple of thousand dollars means a couple months' rent for this family. >> once again, he was trying to frame the battle oaf the fiscal cliff as being all about taxes. with no mention of spending cuts. >> i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get s
cliff. what the president does not want to talk about. plus senator jim demint is here to tell you why he is leighing the senate. this is "special report." this is "special report." ♪ ♪ good evening >> good evening. i'm bret baier. much of the public debate focuses on taxes. democrat want to raise them on high earners. republicans don't. but there is another part of the equation that gets less attention. that is spending cuts. chief white house correspondent ed...
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Dec 19, 2012
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we are on a fiscal cliff. yes, we have to do something. we need some losses, that is the way negotiations go and we don't have a great hand to play. the presidendoesn't have a full han to play we have to have some given some take. gerri: you keep describing them as tax cs, that is not how most experience i they will have no changes how they will experience it so i'm not sure the american people will see this as a great tax cutting gift at christmas. >> it is the bush-era tax cuts which cause caused the economy to pick up, it increased it in a way that wall wanted to. creating jobs in the vibrant economy. now we're in a doldrums and it is continuincontinuin g the bush tax cuts exactly what we need right now. gerri: anything to be concerned about in ter of the details? the issue is not just the fiscal cliff but also the alternative minimum tax. there is the estate tax. >> the alternative minimum tax is very important because it will kick in in the lower 30,000. and we have got to fix that. estate tax, affecting small business and farmers, i
we are on a fiscal cliff. yes, we have to do something. we need some losses, that is the way negotiations go and we don't have a great hand to play. the presidendoesn't have a full han to play we have to have some given some take. gerri: you keep describing them as tax cs, that is not how most experience i they will have no changes how they will experience it so i'm not sure the american people will see this as a great tax cutting gift at christmas. >> it is the bush-era tax cuts which...
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Dec 1, 2012
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but also, just like with the fiscal cliff. is there something going on away from the cameras that's not going on in front of the cameras? are there conversations being held? are there, oh, come on, we know what we're going to do. is that happening on any level that we can tell? >> i think on the fiscal cliff, the president and john boehner spoke of the weekend. i think it was the second consecutive weekend when they spoke. 28-minute conversation, variously described as curt or short. people already suspect that boehner's strong reaction against the proposal that was sent up today was something they planned together, because now boehner can say this crazy, outrageous proposal, and i don't think so. i'm very pessimistic about a resolution. i might be one of the only ones. >> i am, too. given everything that we've covered over the last couple of years, you saw what happened with the debt ceiling, for example. i mean, there was, in the lame-duck session after the 2010 midterms, there was sort of a productive lame-duck session. but
but also, just like with the fiscal cliff. is there something going on away from the cameras that's not going on in front of the cameras? are there conversations being held? are there, oh, come on, we know what we're going to do. is that happening on any level that we can tell? >> i think on the fiscal cliff, the president and john boehner spoke of the weekend. i think it was the second consecutive weekend when they spoke. 28-minute conversation, variously described as curt or short....
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i think we are coming up again at the end of the year, people looking at the fiscal cliff situation and everyday we get something different coming out of washington today, disagreement. tomorrow it could be sounds like talks are progressing. we can see things slip around staying in this broad range across a series of markets and i think he will continue to see that until yo they get some kinf definitive answer and direction out of d.c. we will go from economic standpoint and getting money to work in the most efficient way. liz: good to see you gentlemen, thank you very much. never gets boring around here on fox business lackluster retail sales from the fed announcement yesterday turning on the stick is beginning next month painted the market red leaving me wondering if high investors, the smart money might be changing their investment strategy. we thought we would bring in, millions of dollars, they want to see the money grow. joining us in a fox business exclusive. you seem like a very measured person, that is why you have a lot of wealthy clients because you must do well for them. aft
i think we are coming up again at the end of the year, people looking at the fiscal cliff situation and everyday we get something different coming out of washington today, disagreement. tomorrow it could be sounds like talks are progressing. we can see things slip around staying in this broad range across a series of markets and i think he will continue to see that until yo they get some kinf definitive answer and direction out of d.c. we will go from economic standpoint and getting money to...
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Dec 7, 2012
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the potential of a debt ceiling crisis again in january, as soon as january, the fiscal cliff, the payroll tax extension, the unemployment, long-term unemployment benefits which woulds also expire if they do nothing, they will do something, but there's so much uncertainty, a lot of pent up demand and hiring that could give us a real spurt if this thing gets resolved in a good way? >> i think there is. in fact, there's a few interesting signs inside this report of exactly that. if you look at the industries that sell mostly to consumers like retail trade, like leisure and hospitality, they had very big gains in jobs in last month and the month before that. that suggests that consumers themselves are not thinking much about the fiscal cliff or letting it affect their plans. but the industries that deal a lot with businesses, those, for example, that produce machinery, other long lived durable goods, those in construction, might be building houses or office buildings, they're laying people off. if we end up going over the cliff it's hard to believe that consumer confidence will hang in there
the potential of a debt ceiling crisis again in january, as soon as january, the fiscal cliff, the payroll tax extension, the unemployment, long-term unemployment benefits which woulds also expire if they do nothing, they will do something, but there's so much uncertainty, a lot of pent up demand and hiring that could give us a real spurt if this thing gets resolved in a good way? >> i think there is. in fact, there's a few interesting signs inside this report of exactly that. if you look...
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Dec 26, 2012
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. >> as a member of the senate, you have to work tomorrow, presumably on the fiscal cliff, should the house republicans, the leadership, call that body back into session? >> well, i think speaker boehner will be in on the negotiations, and he will know when something might go through the senate, and he will certainly call the house in time to address this. they are prepared to go back, but right now, the action is in the senate, and i know that we're all trying to come up with and talk to our colleagues about some kind of way to avoid this massive increase in taxes that would occur if we don't act. and the things that are going on beneath the surface, i think, are important in the senate side, and i know the speaker will call them back when it's necessary. >> on a different issue, you're from a border state, you're, obviously, retiring soon. immigration, it's something that your party tried to accomplish under george w. bush, was not able to. as someone who can sort of speak freely about it, what's going to need to happen -- what's going to need to be seen from republicans and democra
. >> as a member of the senate, you have to work tomorrow, presumably on the fiscal cliff, should the house republicans, the leadership, call that body back into session? >> well, i think speaker boehner will be in on the negotiations, and he will know when something might go through the senate, and he will certainly call the house in time to address this. they are prepared to go back, but right now, the action is in the senate, and i know that we're all trying to come up with and...
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Nov 29, 2012
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so finishing somehow, doing something about the fiscal cliff would be a good thing to remember the rest of their lives but at the same time you have tie peal to their selfish interests, making them feel special, giving them what they need, putting them on plush assignments. churchill said democracy is the worst form of othgovernment, ext all the others that have been tried. >> it was interesting to me, thaddeus stevens, radicalist reconstructionist republican, so by the end of the thing he takes lincoln's advice and he pulls back a wee bit, that shocks everybody and that gives the amendment people, the 13th amendment supporters a lot of good ammunition. so you do sometimes, doris, have to pull back a little bit. you're not giving up all your principles. you're just kind of, heaven forbid, being political. >> heaven forbid, you're right. that is exactly right. thaddeus stevens believes having blacks vote, even perhaps intermarry, having all the privileges of life which republicans weren't ready for. the conservatives would have said we're not voting for this thing but he was willing to m
so finishing somehow, doing something about the fiscal cliff would be a good thing to remember the rest of their lives but at the same time you have tie peal to their selfish interests, making them feel special, giving them what they need, putting them on plush assignments. churchill said democracy is the worst form of othgovernment, ext all the others that have been tried. >> it was interesting to me, thaddeus stevens, radicalist reconstructionist republican, so by the end of the thing...
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Dec 14, 2012
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fiscal cliff? can't we call it something else? >> dana: sure. >> eric: monetary -- >> greg: liberal fantasy. >> bob: one more thing on the table. can obama sell cuts in entitlements to his senate? >> dana: not acarding to harry reid. >> eric: leave it there. we'll stay on it. don't go away. more on developing news washington, including ambassador susan rice. we'll get on that when we come back. ♪ ♪ ♪ ♪ >> greg: got to love the who. >> dana: who? >> greg: who? get back to susan rice in a minute but they have the lie of the year, coverup benghazi to win an election by obama. no, kidding. the left wing hacks claim the biggest lie was milt's claim that -- mitt's claim that jeep was moving its production to china causing a flood of negative press directed at mitt. of course it did. only the american media could see this little flubb as worse than the bungled aftermath following the death of four americans in benghazi. forget the other liberal lies that paul ryan pushes grannies off the cliff, remember that? or mitt murdered a g
fiscal cliff? can't we call it something else? >> dana: sure. >> eric: monetary -- >> greg: liberal fantasy. >> bob: one more thing on the table. can obama sell cuts in entitlements to his senate? >> dana: not acarding to harry reid. >> eric: leave it there. we'll stay on it. don't go away. more on developing news washington, including ambassador susan rice. we'll get on that when we come back. ♪ ♪ ♪ ♪ >> greg: got to love the who. >>...
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Dec 7, 2012
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cliff talks is the debt ceiling, with the government on pace to reach its borrowing limit early next year. the white house stated its position on the 14th amendment, which some theory rise is a way for the president to raise the debt limit independently, should republicans attempt to use it as a negotiating tool. >> i can say that this administration does not believe that the 14th amendment gives the president the power to ignore the debt ceiling, period. >> the fiscal cliff talks reached a new low yesterday when, somehow, the new york jets got dragged into it on the senate floor. >> it's not one of my favorite teams, but it's really, really fun to watch, and that's the new york jets. coach ryan, he's got a problem. he has three quarterbacks, sanchez, he's got tim tebow, he's got another guy. he can't decide who their quarterback is going to be. that's the same problem republicans are having. romney's gone, but he's still in the background. we have mcconnell and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> there's some confusion about who the qua
cliff talks is the debt ceiling, with the government on pace to reach its borrowing limit early next year. the white house stated its position on the 14th amendment, which some theory rise is a way for the president to raise the debt limit independently, should republicans attempt to use it as a negotiating tool. >> i can say that this administration does not believe that the 14th amendment gives the president the power to ignore the debt ceiling, period. >> the fiscal cliff talks...
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Dec 13, 2012
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fiscal cliff? can't we call it something else? >> dana: sure. >> eric: monetary -- >> greg: liberal fantasy. >> bob: one more thing on the table. can obama sell cuts in entitlements to his senate? >> dana: not acarding to harry reid. >> eric: leave it there. we'll stay on it. don't go away. more on developing news washington, including ambassador susan rice. we'll get on that when we come back. ♪ ♪ ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, children laughing ] move to the country, d live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. often comes with a set of equally impressive instructions ? shouldn't something that's
fiscal cliff? can't we call it something else? >> dana: sure. >> eric: monetary -- >> greg: liberal fantasy. >> bob: one more thing on the table. can obama sell cuts in entitlements to his senate? >> dana: not acarding to harry reid. >> eric: leave it there. we'll stay on it. don't go away. more on developing news washington, including ambassador susan rice. we'll get on that when we come back. ♪ ♪ ♪ [ male announcer ] this is karen and jeremiah. they...
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Nov 7, 2012
11/12
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>>shepard: do they think the fiscal cliff is something they decide to solve or do what they did last time and pretend to solve it and then solve it later? >>guest: both want to. the question is how to go about it. people like mark warner who has been a key player in some of the deficit talks, he has suggested they could get a framework done but we are not sure if they will get something through by the end of the year when the tax cuts expire and we have the looming deficit cuts. so, there is a lot to do in the next few months. the question is, how the president and congress work together. harry reid, today, said that he doesn't want to concede on the raising taxes for those who make the highest incomes and john boehner who is supposed to speak any minute has said the elections last night proved this is not, this is a mandate that voters do not want to raise taxes so we have disconnect there. and we had the president --. >>shepard: boehner said there is a mandate? >>guest: this suggests that voters do thought want to raise taxes. that is what he is saying the election means because th
>>shepard: do they think the fiscal cliff is something they decide to solve or do what they did last time and pretend to solve it and then solve it later? >>guest: both want to. the question is how to go about it. people like mark warner who has been a key player in some of the deficit talks, he has suggested they could get a framework done but we are not sure if they will get something through by the end of the year when the tax cuts expire and we have the looming deficit cuts. so,...
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Nov 10, 2012
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everybody agrees we have to do something about the fiscal cliff. the question comes now, you have to agree you have to do something. how do you make this work. and the president made very clear today that investments in creating jobs, things like infrastructure and technology are not negotiable. >> with the house, we know that, he has to deal with the house. john boehner, the speaker of the house, also 25uked about the fiscal cliff and hinted for compromise. you got to listen carefully to see the compromise that could be coming. let's listen. >> it's clear, there are a lot of loopholes in the tax code, both corporate and personal. it's also clear that there are all kinds of deductions, some of which make sense, others don't. everything, everything on the revenue side and the spending side has to be looked at. >> anyway, senator chuck schumer this morning suggested that the right wing might be more willing to accept compromise now. it's been helpful. let's watch. >> boehner wants to compromise, that's why he gave that speech. boehner's not a hard ri
everybody agrees we have to do something about the fiscal cliff. the question comes now, you have to agree you have to do something. how do you make this work. and the president made very clear today that investments in creating jobs, things like infrastructure and technology are not negotiable. >> with the house, we know that, he has to deal with the house. john boehner, the speaker of the house, also 25uked about the fiscal cliff and hinted for compromise. you got to listen carefully to...
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Dec 21, 2012
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do you think this is all fiscal cliff or something else? >> consider this. we're down 18 in the s&p futures and we're 32 points off the lows, okay? so to me, this really sums up the whole discussion. listen, if you're one of these long-term players and you have an ironclad stomach and you don't turn on your tv, we're only down 17 or 18 points. but many who say you've got to avoid the volatility, they're right, as well. it depends on what your appetite is. i think if you're looking to buy good stocks, put in your bids lower, there's going to be more volatility. i'm not looking for agreement on either side. when you look at the fixed income markets, they're the adults in the sector room. granted, they're down five basis points on the day. one final note, as bad as all this may be, we're up 8% on the year on the dow and almost 14% on the year on the s&p. >> michael farr, you're usually a glass half full guy. are you confident that you still want to invest in this stock market even if we go over the cliff? >> of course. but, bill, i'm the half full kind of guy.
do you think this is all fiscal cliff or something else? >> consider this. we're down 18 in the s&p futures and we're 32 points off the lows, okay? so to me, this really sums up the whole discussion. listen, if you're one of these long-term players and you have an ironclad stomach and you don't turn on your tv, we're only down 17 or 18 points. but many who say you've got to avoid the volatility, they're right, as well. it depends on what your appetite is. i think if you're looking to...
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Dec 28, 2012
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>> i'm afraid say that i don't think that we will avoid the fiscal cliff. i think we will go over and be debating this again in january and also i hate to say that, luke, i'm frayed your redskins will lose on sunday. >> more of a bills fan but -- i want them to beat the cowboys. we all hate the cowboys. lastly -- navy did beat army. so i'm happy. look, at the bottom line is we will go over 1 january with the fiscal cliff. but there will be an agreement in the first would weeks of january which will be fine in order to have the first step not of debt $4 trillion reduction but of getting that $700 billion fiscal cliff down to a gradual slope so our economy can keep accelerating of $100 billion in debt reduction and that's about all our economy can sustain. >> we will see how much the economy can sustain. thanks for joining us. up next, the cabinet shuffle. who ultimately holds the power as president obama builds a team for his second term? first the amr moment of 2012 that left us a little starstruck. that's andrea with bono. >> an exclusive rock star, humani
>> i'm afraid say that i don't think that we will avoid the fiscal cliff. i think we will go over and be debating this again in january and also i hate to say that, luke, i'm frayed your redskins will lose on sunday. >> more of a bills fan but -- i want them to beat the cowboys. we all hate the cowboys. lastly -- navy did beat army. so i'm happy. look, at the bottom line is we will go over 1 january with the fiscal cliff. but there will be an agreement in the first would weeks of...
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Dec 22, 2012
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the problem with the fiscal cliff is for most voters in this country, it's not a real crisis. it's a phony crisis. it's something like the end of the world that was supposed to happen yesterday that didn't happen. it was a crisis created by congress and we're not really likely to see serious action on deficit and debt reduction, unless and until the crisis hits people in the face and they say to their representatives you'd better do something or else and then they'll act. >> always a pleasure, bill schneider and jonathan allen with his article out as we were talking about just today. thank you so much for stopping by. >> thanks, richard. >>> several funerals were held today for the victims of the newtown shooting. this is video from josephine's funeral in newtown. she turned 7 just before the shooting. executive vice president blamed the media and violent video games for violence in society. >> there exists in this country, sadly, a callous, corrupt and corrupting shadow in industry that sells and stows violence against its own people. through vicious, violent video games with
the problem with the fiscal cliff is for most voters in this country, it's not a real crisis. it's a phony crisis. it's something like the end of the world that was supposed to happen yesterday that didn't happen. it was a crisis created by congress and we're not really likely to see serious action on deficit and debt reduction, unless and until the crisis hits people in the face and they say to their representatives you'd better do something or else and then they'll act. >> always a...
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Nov 11, 2012
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avoiding the fiscal cliff will require compromise, something that's been in short supply in washington over the last few years. stephen moore joins me again. john boehner, stephen, says they will accept higher tax revenues, but not higher taxes. explain that. >> it's not that complicated. we all agree the best way to bring this up is to bring the growth rate up from the 1% we've had in the last year or so. number two, when i talk to republicans, he said, look, we're willing to put these higher revenues on the table. we're willing to close the loopholes in the tax system, get rid of a lot of the car vouts that people benefit from those are rich people. i think republicans are willing to compromise on this. i have to say this. i'm frustrated wall of you on this, because yes, we have a fiscal cliff that's going to hit in january. but let's not forget the whole context of this. we are running $1.2 trillion deficits and we can't keep doing that year after year after year. we have to come up with solutions. >> david walker has been banging on this drum as well. >> the key is we have to avoid
avoiding the fiscal cliff will require compromise, something that's been in short supply in washington over the last few years. stephen moore joins me again. john boehner, stephen, says they will accept higher tax revenues, but not higher taxes. explain that. >> it's not that complicated. we all agree the best way to bring this up is to bring the growth rate up from the 1% we've had in the last year or so. number two, when i talk to republicans, he said, look, we're willing to put these...
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Dec 4, 2012
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, to push people over the fiscal cliff. something's going on and it's not clear because he's not where he used to be. he's quadrupled the amount of taxes he demands. he now has to have rates instead of just numbers. it's going to be interesting what he is doing but it appears he's not trying to come to any agreement. his position is one that the senate, the democratic senate, has rejected in the past. >> robert reish, 60% of americans according to a new abc news/"the washington post" poll believes they should raise taxes on those over $250,000 a year. presumably president obama has seen these polls. so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share
, to push people over the fiscal cliff. something's going on and it's not clear because he's not where he used to be. he's quadrupled the amount of taxes he demands. he now has to have rates instead of just numbers. it's going to be interesting what he is doing but it appears he's not trying to come to any agreement. his position is one that the senate, the democratic senate, has rejected in the past. >> robert reish, 60% of americans according to a new abc news/"the washington...
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Dec 20, 2012
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president obama urges house speaker john boehner to take his deal on the fiscal cliff, calling it something republicans can be proud of. >> susie: i'm susie gharib. the c.e.o. of manufacturer johnson controls says business is looking good for 2013, but going over the fiscal cliff could change that. >> tom: and the u.s. treasury speeds up plans to sell its stake in general motors. is the automaker ready to stand alone? >> susie: that and more tonight on "n.b.r."! >> tom: under the threat of a white house veto, the u.s. house of representatives is expected to vote tomorrow on the republican plan-b to avoid the fiscal cliff. house speaker john boehner thinks the house will okay the package, trying to turn the heat up on president obama to steer clear of automatic tax hikes and government spending cuts due to take affect in 12 days. still, as darren gersh reports, there are some signs the two sides are narrowing their differences. >> reporter: house republicans say they're still working on plan a: a big agreement with the president to cut spending and raise revenues, but they were pushing plan
president obama urges house speaker john boehner to take his deal on the fiscal cliff, calling it something republicans can be proud of. >> susie: i'm susie gharib. the c.e.o. of manufacturer johnson controls says business is looking good for 2013, but going over the fiscal cliff could change that. >> tom: and the u.s. treasury speeds up plans to sell its stake in general motors. is the automaker ready to stand alone? >> susie: that and more tonight on "n.b.r."!...
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Dec 23, 2012
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i don't understand why you'd want to start the presidency with the potential of going over a fiscal cliff that could potentially put us into a recession. why not work a deal for the short term. why not look to do something more broad based next year? >> it would be been good to do it two months ago but the reality is, there's always risk. realistically if we take 5 to be 10, 20 days. the markets panic over everything. i assume these are rational actors. even if the market goes down 3 or 4%, markets fluctuate all the time. it goes down one day and back the next week and the impact on the economy is the same thing as my decision to go out to dinner next week. >> i disagree with that statement. it goes down 3 or 4% and then a lot of wealth has been destroyed. >> but it comes back. >> not necessarily for those same people. i explain that to my mother all the time. 100 points up or 100 points down is not flat. >> with all due respect to our representatives, they have a dismal record on what would cause a crisis and i don't think we should trust their predictions that'sing it would be okay. and
i don't understand why you'd want to start the presidency with the potential of going over a fiscal cliff that could potentially put us into a recession. why not work a deal for the short term. why not look to do something more broad based next year? >> it would be been good to do it two months ago but the reality is, there's always risk. realistically if we take 5 to be 10, 20 days. the markets panic over everything. i assume these are rational actors. even if the market goes down 3 or...
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Dec 11, 2012
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the fiscal cliff was meant to be something nobody wanted to go another and here we are about to go off it. we really need our elected officials to figure this out and come up with a reasonable compromise that keeps our economy growing and gives us certainty about the future so that we can make our plans as business leaders. >> welcome back to the special edition of the "closing bell." dupont stock on the move. 1.5% higher in the after-hours trading session coming on the heels of the news that the chemical giant will issue a $1 billion buyback program and updating its 2012 guidance to the top of the range. chairman and ceo ellen coleman joins me now in a cnbc exclusive. thanks for joining us. >> great to see you as well. >> let me start with the announcement on the share buyback. all we talk about is the idea that taxes are probably going to go higher. you've got dividend taxes probably going to go higher in 2013 as well as capital gains taxes. what motivated a buyback versus a -- a larger dividend or a special dividend as we've been hearing from so many companies today trying to get ah
the fiscal cliff was meant to be something nobody wanted to go another and here we are about to go off it. we really need our elected officials to figure this out and come up with a reasonable compromise that keeps our economy growing and gives us certainty about the future so that we can make our plans as business leaders. >> welcome back to the special edition of the "closing bell." dupont stock on the move. 1.5% higher in the after-hours trading session coming on the heels of...
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Dec 5, 2012
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ted nugent weighs in on the fiscal cliff fiasco something he said we drove off a long time ago. he writes in "the washington times" social security, medicaid and medicare spending needs to be slaughtered and let's stop the insanity of the right to vote of any american on welfare. once they get off well taer and are self-sustaining they get their right restored. no american on welfare should have the right to vote for tax increases on those americans working and paying taxes to support them. >>> and "the daily show's" jon stewart says maybe we should go off the fiscal cliff. >> back and forth of offers. it's pretty clear the republicans aren't going to come to the table with anything reasonable. i'll be the one to say it, i know it will be disastrous and doom our economy for years to come, let's go over the [ bleep ] cliff. fine. just leave the negotiating tables and send us over the cliff. you know why? at least for a few seconds, it will feel like we're flying. >> all right. that's going to wrap things up for me today. thanks for your time. see you back here tomorrow at 11:00 e
ted nugent weighs in on the fiscal cliff fiasco something he said we drove off a long time ago. he writes in "the washington times" social security, medicaid and medicare spending needs to be slaughtered and let's stop the insanity of the right to vote of any american on welfare. once they get off well taer and are self-sustaining they get their right restored. no american on welfare should have the right to vote for tax increases on those americans working and paying taxes to support...
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Dec 7, 2012
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cliff negotiations that. is something that the republicans have to deal with. and i think the republicans and making sure that the debt ceiling is extended for a long time because the one thing that could hurt the economy even more than going off some curb or cliff or slope is if we had a rep tilgs of the debt ceiling battle that we had in 2011. >> so in your view right now, you think that we're past -- potentially past the tax reform question? it's about not the stimulus money but the debt ceiling negotiation and it's important because many communities are not impacted by private sector job growth and need the public sector jobs that the stimulus would bring. >> yes. i think that, you know, you can't declare something done until it's done. but i think all of the signals you're getting from the republicans is that they realize that the last thing they need to be doing right now is to look like they are holding up middle class tax cuts to protect tax cuts for the very wealthy. that's not where they want to be
cliff negotiations that. is something that the republicans have to deal with. and i think the republicans and making sure that the debt ceiling is extended for a long time because the one thing that could hurt the economy even more than going off some curb or cliff or slope is if we had a rep tilgs of the debt ceiling battle that we had in 2011. >> so in your view right now, you think that we're past -- potentially past the tax reform question? it's about not the stimulus money but the...
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. >> but it hasn't been a very encouraging week for people who think that the fiscal cliff is not something that we want to go over and i think that the president's proposal that was put on the table was something that republicans were not going to accept, even close to accept, so it had the air of bizarre. you know, bargaining. but put a really high price out there so that when you start the negotiating -- >> when will the real negotiating begin? congressman cole? >> i want to thank the president and secretary geithner for reuniting and re-energizing the republican caucus. because that offer -- they must think that john boehner is santa claus, because it was a christmas wish list, it wasn't a real proposal. at the end of the day, do i think we'll arrive at a deal? i do. >> but you heard secretary geithner right there, and i want to get congressman ellison in this as well. they're not going to come forward with anything new right now? >> i don't know -- there's a little bit of chicken going on here in terms of gamesmanship. we'll have a lot of discussion. i don't think we need to put a form
. >> but it hasn't been a very encouraging week for people who think that the fiscal cliff is not something that we want to go over and i think that the president's proposal that was put on the table was something that republicans were not going to accept, even close to accept, so it had the air of bizarre. you know, bargaining. but put a really high price out there so that when you start the negotiating -- >> when will the real negotiating begin? congressman cole? >> i want...
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Dec 29, 2012
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we are going over the fiscal cliff. we are going either all the way over or going partly over, but we are definitely, definitely going over. that whole fiscal cliff thing, where congress and the white house can't reach a deal on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> allow me a quick update here. that press conference, it came after president obama met with john boehner and nancy pelosi and harry reid and mitch mcconnell, so all the key congressional leaders. and listen to the president here. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't g
we are going over the fiscal cliff. we are going either all the way over or going partly over, but we are definitely, definitely going over. that whole fiscal cliff thing, where congress and the white house can't reach a deal on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our...
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Dec 19, 2012
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. >> i'm curious, we never really know how the fiscal cliff conversation plays out overseas. is it something that moves the needle in the markets in europe and asia? >> absolutely it does. given that, you know, in terms of european risk, everything pretty much done and dusted. we don't have much more european event risk until the end of the year, this is what we're focusing on. every morning when we get to work, we are watching the overnight comments from mr. obama and mr. boehner. that's why european markets have been trading higher the last two trading days because there is optimism that we will see a deal before the end of the year. >>> as always, why are you awake at this hour? shoot us an e-mail at waytooearly@msnbc. we'll read the best responses later in the show. >>> still ahead on "way too early," it only took 24 turnovers and 15 weeks, but jets coach rex ryan benching mark sanchez, but that doesn't mean tim tebow will start next sunday. that story and a check of weather when "way too early" comes back. >> i hereby deliver these two articles of impeachment. i love the
. >> i'm curious, we never really know how the fiscal cliff conversation plays out overseas. is it something that moves the needle in the markets in europe and asia? >> absolutely it does. given that, you know, in terms of european risk, everything pretty much done and dusted. we don't have much more european event risk until the end of the year, this is what we're focusing on. every morning when we get to work, we are watching the overnight comments from mr. obama and mr. boehner....
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Dec 21, 2012
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. >> one of the other things, we saw a lot of options activity in names unrelated to the fiscal cliff this week as well. which is something we haven't touched on. i think that we should probably mention that some of those other stocks like herbalife shouldn't get entirely ignored. one of the points i would make, the oil names, industrial names, volatilities are not that high. because in my correlations drop off a little bit, actually for those people looking to get a little bit of beta using options those are some of the places where it's not that expensive. what's happening right now is that you have some of those stocks that have been beaten up pretty severely. you have some potential for upside gains. >> the turnaround surprisingly midsection was shares of apple. apple earlier in this session down about 1.5% more at some point. finishing the day down by about half a percent. people seeming want to get in, re-establish position. >> apple was underporping in the morning, did firm up towards the end of the day. to me apple is a really tough stock down here. i was saying all week that
. >> one of the other things, we saw a lot of options activity in names unrelated to the fiscal cliff this week as well. which is something we haven't touched on. i think that we should probably mention that some of those other stocks like herbalife shouldn't get entirely ignored. one of the points i would make, the oil names, industrial names, volatilities are not that high. because in my correlations drop off a little bit, actually for those people looking to get a little bit of beta...